Marcus & Millichap Announces Sale Of Miami Industrial Warehouse
Jonathan De La Rosa and Eduardo Toledo, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller.
Jonathan De La Rosa and Eduardo Toledo, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller.
One of the largest contiguous land sites available in South Florida, the development has a buildable program of 2,500 residential units, 240 hotel rooms, 480,000 square feet of retail space, and 650,000 square feet of office space.
Prior to joining JLL, he began his career in property management with Colliers before moving into retail brokerage with past positions held at Colliers, CBRE, and JLL over the past eight years.
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The site is the largest undeveloped waterfront property in Miami’s urban core.
For over four decades, he has actively excelled in the commercial real estate industry, gaining knowledge and expertise across retail, office, medical leasing, land assemblage, acquisitions/dispositions, and development.
The plan is to take a 5,000-acre property that GL Homes owns adjacent to the new city of Westlake and shuffle 1,277 units (homes approved for construction but that haven’t been built yet) and move the units elsewhere.
Amanda Montanez and Tom Capocefalo of Savills represented the buyer, BF Aerospace, in the Sunrise building transaction.
The site contains 66 existing units positioned directly on Ninth Street in the Little Havana density overlay, allowing for high-density development.
The property consists of two conjoined 7,000-square-foot buildings situated on a 36,423-square-foot lot.
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